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 Posted: Sat Apr 12, 2008 12:22 pm Subject: My Cash Now
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Has anyone used them before? Are they a reputable company? Is it as easy as they say to get a cash advance loan?
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Chan
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Posted: Sat Apr 12, 2008 2:57 pm Subject:
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Chan - welcome to the forums!
You won't find anyone here who will recommend ANY payday lender as "reputable". They charge outrageous interest rates, and many are actually operating illegally.
Let me ask you a question - what happens if you take out a payday loan - say for $400 (which is close to the whole amount of your take-home pay on your next paycheck) - and before your next paycheck, you have a large expense come up. A forgotten bill, a car repair, vet bill or illness that requires medical care and expensive prescriptions? Those bills won't wait - they have to be paid right away. So what happens? You end up defaulting on the payday loan because you don't have the money to pay it - or worse yet - you end up taking out ANOTHER payday loan to pay the unexpected expenses, and then having TWO payday loans to pay back on payday.
Sorry for the long story - but you need to be completely aware of what you are getting into when you take out payday loans. They are a never ending cycle of lending and paying back - it will end up eating up your entire paycheck every payday and you'll have nothing left for your normal expenses.
If possible, try to borrow from a friend or family member if you can - they'll be much easier to deal with in the long run!
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SUEBEEHONEY70
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Posted: Sat Apr 12, 2008 3:20 pm Subject:
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don't get a payday loan!
borrow from a friend
do without
eat raman noodles until you get paid again
sell soemthing on ebay
just don't get a payday loan.
More often than not, you'll end up having to get another one and another and another.
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Posted: Sat Apr 12, 2008 3:52 pm Subject:
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They're easy to get a loan from....all these PDL companies are too easy to get a loan from. Making it easier for you to get in over your head....
Please be sure to examine your situation from all angles first and find out if there is some other way around. Good luck with your situation.
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Amaranth
Joined: 10 Mar 2008
Posts: 247
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Posted: Sat Apr 12, 2008 7:22 pm Subject:
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Chan...please listen to everyone here. Take some time to see if you can find another way to get the money your need or postpone whatever it is you need it for. In the long run it won't be worth the hassle you will be up against.
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llw1995
Joined: 02 Feb 2008
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Posted: Mon Apr 14, 2008 5:08 am Subject:
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Experience is a good teacher; I'd never, EVER get another payday loan! As to my cash now, well, do a search on that name at this site and I think you'll get a good idea of how these companies operate.
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Pachacutec
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Posted: Mon Apr 14, 2008 7:10 am Subject:
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What ever you do, do not get a payday loan!!! You will find yourself in a vicious circle that is hard to get out of. These people will bleed you dry and still say you owe them more money. What these places have to offer sound good, but once they are able to access your account, it is hard to get them to leave it alone. Stay away from these places. they are really bad news and could make your situation even worse. They did mine and it has taken a long time to try to get things back on track.
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2nband
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Posted: Mon Apr 14, 2008 7:15 am Subject: reply
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i echo all sentiments before mine,pdl's are nothing but trouble.the very brief benefit is nothing compared to the grief they eventually put you through.hey 2ndband,where ya been?hows the airman?
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paulmergel
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Posted: Mon Apr 28, 2008 9:48 pm Subject: paydayloan
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Payday loans are bad news. my cash now is
horrible. I asked them to pay the loan off
and they didn't. They only extended it. I
didn't catch it for about four days. I called MCN
up and they wanted to still charge me an
additional four days of interest to pay it off.
They forced me to pay the interest, so after
it was deducted, I contacted my bank to dispute
it. The bank recovered the money for the four
days of interest, but now their collection
people, Credit Protection Depot, are harrassing
me on my cell and at work and sending me
threatoning emails. Now all of a sudden, the
$35.64 I recovered, has turned into $60.64 that
they say I owe them through Western Union. I
filed a report with the Office of the Attorney
General in my state, but what a mess! Payday
loans are a vicious cycle of high interest and
never being able to fully pay them back.
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sandysue
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Posted: Tue Apr 29, 2008 6:47 am Subject:
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Do not do it as you can see alot of people on this thread have not had very good experiences with pdl co's including myself. Try to borrow from a friend, relative or even pawn something for a short term. Anything is better than going to those vultures.
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ladybug
Joined: 29 May 2007
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